imageChile | Law No. 16271, of 10 July 1965

Tax on inheritances, assignments on account of death, and donations

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TAX ON INHERITANCE, ASSIGNMENTS AND DONATIONS LAW Whereas: the power granted to me by article 4 of Law no. 15,564, of February 14, 1964, sets the following as the final and consolidated text of Law no. 5.427, on Inheritance Tax, Allocations and Donations: TITLE I From the Tax on Allocations and Donations Chapter I Tax and how to determine the taxable amount Article 1. Taxes on assignments due to death and donations shall be governed by the provisions of this law, and their application and supervision shall be borne by the Internal Revenue Service. For the purposes of determining the tax established in this law, goods located abroad must be collated in the inventory.